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Global Market of Organic Food Products Grows

The world market for organic food is predicted to exceed $88,000 million by 2015, according to MarketLine, a near 50% increase in five years. Fruit and vegetables represent the leading segment, representing over 30% of the overall market. Americas represent close to 55% of the organic food market worldwide.

 Like many other food industry sectors, the organic food market was hit by the global financial crisis as consumers prioritized budgets over other concerns. Yearly growth more than halved in 2009, falling as low as 4.5%, according to Dion Research. With revenues set to pick up again to exceed $60 billion by the close of 2011, the global organic food market will continue to rebound.

The US organic market expanded by almost 8% in 2010, according to the Organic Trade Association, reaching close to $29 billion. Sales from organic food industry grew at a faster rate than revenue from total food sales, which remained under 1%.

The European Union also expands the organic farming and the organic products - food, pharmaceuticals, etc, Bulgarian Farmer news magazine writes. In 2005, 3,6% of the lands has bee used for growing organic products, in 2010, this percentage increased up to 5,1%. Austria and Sweden have the leading positions.

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